First National Bank (Atlanta, GA)

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Episode Information

Episode UID
155901599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
15590 national
Charter Number
1559
Start Date
March 4, 1933
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
88de6dd73ff63812

Response Measures

None

Events (4)
1. September 14, 1865 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Statewide banking holiday proclaimed (Governor Talmadge) in coordination with national banking holiday; banks closed per proclamation.
Newspaper Excerpt
Two Close Promptly In Atlanta the First National bank and the Fulton National bank closed.
Source
newspapers
3. March 10, 1933 Other
Newspaper Excerpt
Commencing Friday March 10, funds required by our customers for their usual payrolls will be paid in currency under proper certificate ... THE FIRST NATIONAL BANK. John K. President.
Source
newspapers
4. March 10, 1933 Reopening
Newspaper Excerpt
Atlanta banks ... would today permit withdrawals in currency to meet pay rolls and to finance food dealers purchasing foodstuffs for immediate delivery.
Source
newspapers

Newspaper Articles (5)
1. December 9, 1932 San Angelo Evening Standard San Angelo, TX

Article Text

BY MORRIS WATSON NEW YORK, Dec. 9. (AP)—Most any bank these days is likely to be found in most any business. The bankers call it handling "going assets." What happens is this: A corporation defaults and the bank is forced to take it over in foreclosure; a business man dies without a logical successor and the bank finds itself in charge of a trust which includes the business; a widow is unable to manage a concern left by her husband and the bank takes it in voluntary trust, or the creditors of a concern force it into bankruptcy and the bank becomes a receiver. So many bankers go around worrying about waking up tomorrow and finding a fishmarket on their hands. Takes Over Hippodrome The City Bank Farmers Trust has just taken over, in foreclosure, the Hippodrome—home of the spectacle show which has lately been devoted to vaudeville and motion pictures. The Irving Trust Company is running, as trustee in bankruptcy, the United Cigar chain. The Chicago Title and Trust Company operates 45 motion picture theatres in and around that city. It is familiarly known as the C. T. & T. circuit. The officers of the First National Bank of Memphis, Tennessee, direct the policy of an old New England, dyed-in-the-wool Republican newspaper. Bank Owns Chain of Stores The First National Bank of Atlanta, Ga., was left with a large chain of shoe stores on its hands in 1929. The Fulton National Bank in the same city found itself manager of a large apartment hotel and was fortunate enough to have a former hotel manager on its staff of officers.

2. March 4, 1933 The Macon Telegraph Macon, GA

Article Text

OF EACH UNIT Disturbed Conditions of Neighbors Leads to Issuing of Proclamation TO BE SHUT UNTIL MARCH Superintendent Gormley Thinks It Wise For All to 'Fall in Line' through its governor Friday declared bank holiday through March 6. The proclamation was effective "as all the banks in Georgia" but was optional with the banks, in the opinion of T. M. Linder, executive secretary to the After telephone conversation with Gov. Eugene Talmadge in Washington, Linder the proclamation public, fixing the holiday from 11 Friday March 6. The the national capital for the of PresRoosevelt Some closed immediately on receipt of the holiday but others open until the reguclosing time. The greater part of the state operates Eastern time and was noon Central time when the proclamation was made public. Banks in Good Condition Georgia banks are in good condiproclamation and conditions in other where holidays or partial holidays are force led to action state are Ing upon funds which bankIng holidays been and banks are account of unable withdraw from such other states amounts which due to the governor also forth that he had by the state banks. R. Gormley the banks are good and able to take their not the effect outside The bank superintendent advised state banks in Georgia fall line with the governor's Two Close Promptly In Atlanta the First National bank and the Fulton National bank closed. the Citizens and Southern open until the regular closing time which All in Savannah remained open until the regular closing Officials announced they would not reopen. however, the of the closed period claimed by the The vannah Clearing House met during the afternoon and ed to follow the governor's proclama- The First National bank and the nounced they would not close for the holiday. Brunswick reported that the tional Bank Bank and Trust continued business usual closing Augusta report Citizens and Southern the bank and the bank remained past the regular closing time. Later Augusta Herald wired that all banks there will observe the holiday All three of the banks in Athens business Friday and them from deciding whether throughout the period of the holiday The Hubert Banking company will

3. March 5, 1933 The Macon Telegraph Macon, GA

Article Text

Continued From Page One even harder to convert the into Almost business house Macon accepted for to their their limited supply of actual cash. Business Little Changed Macon reported business normal Saturday dry goods said good mal and below busiless than the decline slight. Recorder Felton Hatcher checked Macon men They explained tied fined would Their the banking situation cleared felt the effects the Some with cashable their Western and Postal offices regular order and funds received hotel and other expenses this restrictions have been placed amounts money that transmitted by wire, Hunter Makes Statement First National the Governor Talmadge issued Hunter upon his return from the conference Atlanta National Bank and decided that depositors should full regarding bank the suspend business. page full the that account and could be convertable

4. March 10, 1933 The Atlanta Constitution Atlanta, GA

Article Text

ANNOUNCE EMERGENCY NEED PAYABLE IN CASH Action by Clearing House Officials at Here Taken To Relieve Conditions After New Roosevelt Order. GOVERNOR EXTENDS HOLIDAY IN STATE Talmadge Announces Institutions May or May Closed Through Monday. Abandoning their plans for the issuance of scrip, Atlanta banks early Friday that they would today permit withdrawals currency to meet pay rolls and to finance food dealers purchasing foodstuffs for immediate delivery. This action taken by the three leading financial institutions through the Atlanta Clearing House Association in accordance the Thursday proclamation of President Roosevelt and despite another by Eugene which declared the bank holiday for Georgia effect until next Tuesday morning. The Clearing House Association of the First National bank. Citizens Southern National and Fulton National. The action taken at meeting clearing they Governor EuR. Black, the Federal Reserve bank, the and the regulations Secretary of the Treasury William Woodin. after the clearing house officials of the federal bank notified banks of the president's action and prepared to currency these that may have by Monday morning. Employers may obtain funds their pay rolls today by furnishing their certificate was The same certificate desiring or chase will be the for delivery. The Talmadge was several hours before President ure. decided to prolong the modified national being issued the request the country after long session with the chief that The said his holiday orissued the banks which the president's desire make use that it not an enforced The proclamation of the governor follows proclamation heretofore grantextension of the holiday for banks the Georgia tended through Monday March hours of March 14. governor explained that the was the request the Georgia Country at request of city country bankers have not had time get scrip them cannot open until Monday, the chief "Therefore, the holiday to suit the needs of the various institutions.'

5. March 10, 1933 The Atlanta Constitution Atlanta, GA

Article Text

Clearing House Statement Following Atlanta is the statement issued early Friday morning by the three Clearing House banks: To the Public: the view of the extension of the banking holiday by proclamation of president of and the enactment by congress of assuring an early and adequate supply of currency, plans for the issuance clearing certificates the Atlanta Clearing House Association will not be completed but currency instead will be available under the ruling of the secretary of the treasury for the following Commencing Friday March 10, funds required by our customers for their usual and will be in proper payrolls paid currency under proper certificate of which in necessity accordance with prevent the proclamation of the president and the new banking act to Food dealers will be permitted to withdraw funds to obtain food supplies intended for immediate delivery and in this community. Such withdrawals shall likewise be under the same tificate necessity. We desire to thank our customers and the public for their splendid co-operation and their expressions of and many helpfulness and assure them to render our purpose every service consistent We under existing regulations during the holiday. have confidence their purpose to fully with the comply spirit of the president's THE FIRST NATIONAL BANK. John K. President. THE CITIZENS SOUTHERN NATIONAL BANK, Lane Young, Exec. Vice Pres. FULTON NATIONAL Ryburn G. Clay, President,